Tuesday, December 7, 2021
HomeTechnologySomeone just bought virtual land for $2.5 million

Someone just bought virtual land for $2.5 million

Facebook thinks that in the long run, we will be ready to meet up with up with mates in the metaverse.


A Canadian investment business not too long ago obtained a digital plot of land for practically $2.5 million in cryptocurrency, it mentioned Tuesday. The acquire, at a full of $2.43 million, is the major of its kind on document.

Tokens.com, which focuses on decentralized finance (De-Fi), manufactured the buy on Decentraland, a blockchain-centered metaverse the place cryptocurrency is spent to personalize avatars, obtain true estate and interact with other members.

In accordance to Tokens.com, the land is a “116 parcel estate in the coronary heart of the Manner Avenue district in Decentraland” and is equivalent to 6,090 sq. ft of land. It will be used to keep electronic style reveals and grow e-commerce providers with style brands.

Facebook, which recently rebranded to Meta, is scheduling to commit $50 million to generate its own metaverse that it says will be “a established of virtual areas where you can produce and discover with other persons who usually are not in the exact same physical space as you.”

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